C.L.E.: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
C.L.E.
Largest movements
- Receivables within one year -€164,804
down €164,804 (-25.9%), from €637,113 to €472,309
of which Other amounts receivable: -€177,000
- Other debts -€226,064
down €226,064 (-28.2%), from €800,964 to €574,900
- Profit (loss) carried forward +€63,227
up €63,227 (+1.0%), from -€6.2m to -€6.1m
- Gross operating margin +€38,894
up €38,894 (+9311.0%), from €418 to €39,312
- Financial income -€3,010
down €3,010 (-10.5%), from €28,760 to €25,750
- Financial charges +€398
up €398 (+69.1%), from €575 to €973
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,052,038 | €1,891,450 | -€160,588 | -7.8% |
| Fixed assets | 21/28 | €1,364,661 | €1,366,920 | +€2,259 | +0.2% |
| Tangible fixed assets | 22/27 | €726 | €2,984 | +€2,259 | +311.3% |
| Plant, machinery and equipment | 23 | €42 | - | -€42 | |
| Furniture and vehicles | 24 | €684 | €2,984 | +€2,300 | +336.4% |
| Financial fixed assets | 28 | €1,363,936 | €1,363,936 | = | 0.0% |
| Current assets | 29/58 | €687,377 | €524,531 | -€162,846 | -23.7% |
| Amounts receivable within one year | 40/41 | €637,113 | €472,309 | -€164,804 | -25.9% |
| Trade receivables | 40 | €113 | €12,309 | +€12,196 | +10786.8% |
| Other amounts receivable | 41 | €637,000 | €460,000 | -€177,000 | -27.8% |
| Cash at bank and in hand | 54/58 | €50,264 | €52,206 | +€1,942 | +3.9% |
| Deferred charges and accrued income | 490/1 | - | €16 | +€16 | |
| Total equity and liabilities | 10/49 | €2,052,038 | €1,891,450 | -€160,588 | -7.8% |
| Equity | 10/15 | -€2,750,178 | -€2,686,951 | +€63,227 | +2.3% |
| Contributions | 10/11 | €7,445 | €7,445 | = | 0.0% |
| Reserves | 13 | €3,446,194 | €3,446,194 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,819 | - | -€10,819 | |
| Reserves not available under the articles | 1311 | €10,819 | - | -€10,819 | |
| Distributable reserves | 133 | €3,435,376 | €3,446,194 | +€10,819 | +0.3% |
| Profit (loss) carried forward | 14 | -€6,203,817 | -€6,140,590 | +€63,227 | +1.0% |
| Amounts payable | 17/49 | €4,802,216 | €4,578,401 | -€223,815 | -4.7% |
| Amounts payable after more than one year | 17 | €4,000,000 | €4,000,000 | = | 0.0% |
| Financial debts | 170/4 | €4,000,000 | €4,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €802,216 | €578,401 | -€223,815 | -27.9% |
| Advances received on contracts in progress | 46 | €14 | - | -€14 | |
| Taxes, remuneration and social security | 45 | €1,238 | €3,501 | +€2,263 | +182.8% |
| Taxes | 450/3 | €1,238 | €3,501 | +€2,263 | +182.8% |
| Other amounts payable | 47/48 | €800,964 | €574,900 | -€226,064 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €548 | €742 | +€194 | +35.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €418 | €39,312 | +€38,894 | +9311.0% |
| Operating profit (loss) | 9901 | -€248 | €38,450 | +€38,698 | |
| Financial income | 75/76B | €28,760 | €25,750 | -€3,010 | -10.5% |
| Recurring financial income | 75 | €28,760 | €25,750 | -€3,010 | -10.5% |
| Financial charges | 65/66B | €575 | €973 | +€398 | +69.1% |
| Recurring financial charges | 65 | €575 | €973 | +€398 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | €27,937 | €63,227 | +€35,290 | +126.3% |
| Profit (loss) for the period | 9904 | €27,937 | €63,227 | +€35,290 | +126.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,937 | €63,227 | +€35,290 | +126.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.